Accounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to “cook the books?” After the rapid evolution of the telecommunication industry in the 1990s‚ WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result‚ their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective
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Elder abuse is something that happens in every day society. In this paper you will find the history of elder abuse‚ the different types of abuse‚ case studies‚ statistical reports‚ and what can be done to improve the problem. Some may wonder why elder abuse even exists in a world that is supposed to love others. As people grow up they are taught to be kind and courteous to others‚ and to love one another. When elder abuse was first discovered in 1975 it was called the “granny battering” (Fulmer‚
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Corporate Governance Corporate Governance is the relationship between the shareholders‚ directors‚ and management of a company‚ as defined by the corporate character‚ bylaws‚ formal policies and rule laws. The corporate governance system was designed to help oversee the decisions and best interest of the shareholders. The system should works accordingly: The shareholders elect directors‚ who in turn hire management to make the daily executive decisions on the owner ’s behalf. The company ’s
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purchase the fake Rolexes. He contacts Randy explain the situation wanting to return the watches and reimburse Randy for shipping costs. Randy in turn sues to enforce the original contract. Issue: The issue is whether the Illinois UCC Statute of Frauds deems contract unenforceable because it was never reduced to writing. Law: Under UCC §2-201 (3a)‚ “A contract that does not satisfy the requirements of subsection 1‚ but which is valid in other respects is enforceable: if the goods are to be specially
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THE CURRENT CRISIS OF INVESTOR CONFIDENCE: CORPORATE GOVERNANCE AND THE IMBALANCE OF POWER By Richard L. Wise Master’s Thesis submitted in partial fulfillment of graduation requirements of the Fletcher School of Law and Diplomacy ’s Global of Master Arts Program Copyright Richard L. Wise 2002 {K0241737.1} TABLE OF CONTENTS OVERVIEW ...................................................................................................................................................
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“The growing corporate espionage activities due to intense competition lead to highly controlling security measures and intensive employee monitoring which bring about distrust in the workplace” Part I .What I already know The reason I chose this topic is due to the fact that a class called human resources management which by the way is my major‚ once we discussed the topic of ethics the professor covered corporate espionage and determined it as a federal crime. Professor Valdivieso felt very
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Drug abuse is a chronic public health problem‚ affecting all levels of society‚ with potential irreversible consequences. Drug abuse may affect a person’s relationships‚ employment status‚ educational opportunities‚ status in society‚ and general health and wellness. The initial decision to abuse a drug is often voluntary. However‚ as the substance’s active chemicals disrupt central nervous system processes over time‚ the individual’s self-control is challenged and he or she becomes unable to resist
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Institutional Abuse (Elder Abuse) Definition Mistreatment of someone living in a facility for older people. This includes nursing homes‚ foster homes‚ group homes or board care facilities where the staff‚ are paid to provide care. Physical signs and symptoms Broken bones‚ sprains‚ dislocations Broken eyeglasses Open wounds‚ cuts‚ punctures‚ untreated injuries in various stages of healing. Sudden changes in behaviour A care giver who refuses to let visitors see elder person alone. Reports from
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denies access to food to our competitors. For instance a lion will defend its kill but it won’t defend the heard of its own. The idea of profits before people is sickening and is a trend that humanity could do without. The general population has power to change this and they are the ones that need to do so. There are organizations and programmes but politics of it all slows it down. Corruption is also a sad statement. Donations are given together with other necessities however not so much reaches
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Different kinds of child abuse. 2.1. Physical abuse Physical abuse is the most recognised type of abuse‚ because the consequences‚ like broken bones‚ burns‚ bites‚ bruises and brain damages are often visible. But many injuries look like the result of everyday accidents and abusers use this fact to avoid suspicion. To decide if an injury is the result of physical abuse or not‚ you have to think of some factors: - Is this the first time the child has suffered from this injury? - Is the explanation
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